Over 250 council homes will be constructed through a £50m increase to the Local Authority Housing Fund. Credit: Clare Louise Jackson via Shutterstock.

The UK government has announced a significant £350m ($435.4m) investment to bolster the construction of affordable homes and enhance housing standards.

Up to 2,800 additional homes are set to be built through a £300m boost to the Affordable Homes Programme. This funding will prioritise social rent, with half of the new homes dedicated to this purpose.

Moreover, more than 250 council homes will be constructed via a £50m increase to the Local Authority Housing Fund, providing quality temporary accommodation for those in need.

This investment is part of a broader strategy to deliver a significant increase in social and affordable housebuilding in the UK.

The government stated that many have been unable to own their own home, with over 123,000 households currently in temporary accommodation, including nearly 160,000 children.

Furthermore, almost 6,000 families with children are reportedly staying in temporary bed-and-breakfast (B&B) accommodation.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The government is also planning to introduce measures to protect tenants from ‘rogue’ supported housing landlords.

These landlords have reportedly been exploiting the system by claiming uncapped housing benefits while offering substandard homes without necessary care or support.

The latest moves support the government’s Plan for Change, which includes a commitment to build 1.5 million homes that the country needs by the end of this parliament.

The recent investment follows a £500m allocation for up to 5,000 more affordable homes and builds on the programme’s initial £11.5bn budget.

Additionally, £450m has been provided to 150 councils to reduce reliance on unsuitable B&B accommodation and ensure safe and sustainable housing.